Shares of Ramco-Gershenson Properties Trust (NYSE:RPT) traded up NaN on Wednesday . The company traded as high as $13.61 and last traded at $0.00. 1,760,061 shares changed hands during mid-day trading, an increase of Infinity from the average session volume of 0 shares.

Several analysts recently commented on the stock. Robert W. Baird restated a “hold” rating and set a $13.00 price target on shares of Ramco-Gershenson Properties Trust in a research report on Wednesday. KeyCorp restated a “buy” rating and set a $16.00 price target on shares of Ramco-Gershenson Properties Trust in a research report on Friday, September 1st. Boenning Scattergood set a $13.00 price target on shares of Ramco-Gershenson Properties Trust and gave the company a “sell” rating in a research report on Thursday, August 3rd. FBR & Co restated an “outperform” rating and set a $15.00 price target on shares of Ramco-Gershenson Properties Trust in a research report on Tuesday, July 11th. Finally, ValuEngine upgraded shares of Ramco-Gershenson Properties Trust from a “hold” rating to a “buy” rating in a research report on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $15.14.

Ramco-Gershenson Properties Trust (NYSE:RPT) last announced its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. The company had revenue of $64.93 million for the quarter, compared to analysts’ expectations of $66.07 million. Ramco-Gershenson Properties Trust had a net margin of 15.05% and a return on equity of 4.99%. Ramco-Gershenson Properties Trust’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 EPS.

The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Wednesday, September 20th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, September 19th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.97%. Ramco-Gershenson Properties Trust’s dividend payout ratio (DPR) is presently 214.64%.

Large investors have recently bought and sold shares of the company. InvenTrust Properties Corp. acquired a new position in shares of Ramco-Gershenson Properties Trust during the 2nd quarter worth $1,055,000. Prudential Financial Inc. grew its stake in shares of Ramco-Gershenson Properties Trust by 1,638.9% during the 2nd quarter. Prudential Financial Inc. now owns 1,390,766 shares of the real estate investment trust’s stock worth $17,941,000 after purchasing an additional 1,310,786 shares during the period. Legal & General Group Plc grew its stake in shares of Ramco-Gershenson Properties Trust by 73.3% during the 2nd quarter. Legal & General Group Plc now owns 326,457 shares of the real estate investment trust’s stock worth $4,213,000 after purchasing an additional 138,097 shares during the period. Davis Selected Advisers grew its stake in shares of Ramco-Gershenson Properties Trust by 18.1% during the 2nd quarter. Davis Selected Advisers now owns 207,051 shares of the real estate investment trust’s stock worth $2,671,000 after purchasing an additional 31,691 shares during the period. Finally, BlackRock Inc. grew its stake in shares of Ramco-Gershenson Properties Trust by 8.2% during the 2nd quarter. BlackRock Inc. now owns 11,230,214 shares of the real estate investment trust’s stock worth $144,866,000 after purchasing an additional 855,357 shares during the period. 98.69% of the stock is currently owned by institutional investors and hedge funds.

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Ramco-Gershenson Properties Trust Company Profile

Ramco-Gershenson Properties Trust is an equity real estate investment trust. The Company’s primary business is the ownership, management, redevelopment, development and operation of retail shopping centers. As of December 31, 2016, it owned and managed multi-anchored shopping centers in 12 metropolitan markets in the United States.

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